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  • Buy These 5 Small-Cap Oil Stocks With Low Debt Levels [View article]
    jj1937,
    My 1st frac job was in 1978. The first documented frac was pumped by Halliburton for Stan-o-lind in 1947. It is not new technology.
    Combining horizontal drilling with hydraulic fracturing was pioneered by the late George Mitchell in the early 2000's.
    Jan 25, 2015. 02:37 PM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Hank Johnson, the guy who is worried about Guam tipping over. He makes Sheila Jackson Lee look like a Rhodes Scholar.
    Feb 12, 2014. 02:15 PM | 7 Likes Like |Link to Comment
  • Bakken Update: Frac Sand Pricing Could Go Parabolic As EOG Resources' Well Design Revolutionizes Unconventional Oil Production [View article]
    jfsmart,
    Being onsite is how I pay my bills. There are 2 basic horizontal completion techiques.
    The most widely used is called plug & perf. In this case the casing is cemented in place at the time the well is drilled. After the drilling rig moves off the 1st stage of the frac is perforated with perf guns conveyed on small diameter coil tubing. You need the rigidity of the steel coil to push the guns to end of the casing. After that you frac the 1st set of perfs. After fracing a composite (high dollar plastic) plug and set of guns attached to a electric/wireline is pumped down the well. The plug is set above the previous set of perfs via a charge detonated via the electric line. After setting the plug the perf guns are pulled up to the next interval to be fraced and the guns are fired - perforating the casing. The wireline is reeled back to the surface and that zone is fraced. After that it is repeated until the entire interval has been treated.
    The othetr basic technique is the ball and sleeve technique described by asdfsd. It also know as "Packers Plus" by the Canadian company who pioneered it. In this case it is an integral part of the casing and is run in when the casing is run by the drilling rig.
    The Ball and Sleeve technique has the advantage of being able to frac all stages much quicker and utilizing an uncemented/openhole casing. It is more expensive than Plug and Perf.
    Plug and Perf has the advantage of lower cost and simplicity. Not much can go permanantly wrong with Plug and Perf (even though Mr. Murphy resides here). In the case of Ball and sleeve if the sleeves do not open for whatever reason (happens quite a bit) then you have lost that section of the hole or the packers do not set you have lack of isolation and all your fracs may only go into a few sections of the lateral.
    There are companies now making sleeves that are run and cemented giving the advantage of cemented casing and the speed of Ball and Sleeve. May be the best of both worlds.
    You can search Plug and Perf or Ball and Sleeve in Bing/Google and get more info.
    Oct 24, 2013. 11:24 AM | 7 Likes Like |Link to Comment
  • Natural Gas: The 'Goldilocks' Storage Picture Is Masking Deep Containment In The Marcellus [View article]
    Hurricane season did not help. I guess NG bulls better pray for Polar Vortex version 2.0!
    Oct 2, 2014. 11:33 PM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: General Electric In Talks To Sell Appliance Business [View article]
    I think Mexico is over estimating the impact of foreign investment into the energy sector. The battle between the drug gangs is happening in some of the prime oil and gas areas. Even with combat pay I would not go there.
    Aug 14, 2014. 11:38 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Someone should do video of Gunnery Sergeant Hartman (R. Lee Ermey) handling a customer complaint from a hipster in a Starbucks.
    Nov 6, 2013. 09:38 AM | 6 Likes Like |Link to Comment
  • Linn Energy: How Come No One Has Picked Up On This? [View article]
    Drich, water used in a waterflood is generally recycled. It may require an additional 5-10,000 bbl per day net addition. That is not that much.
    You can also used produced water from wells in another field that would normally have to be disposed of.
    Oct 5, 2013. 09:54 AM | 6 Likes Like |Link to Comment
  • Get Rich From Retiring Baby Boomers With This Little-Known Stock [View article]
    He is out of touch with reality. Perhaps his average baby boomer client has that type of wealth. He needs to take a look at who is working as a greeter at Walmart.
    Dec 29, 2012. 09:43 AM | 6 Likes Like |Link to Comment
  • Why Truckers Are Slow To Embrace CNG Fuel Systems [View article]
    Excellent article, John. It opens my eyes as to why the slow uptake on CNG. As someone whose living is tied to the upstream production of NG this is very interesting. Thankfully no mention of Tesla to bring out the zealots and create 600 messages!! Or maybe that's a good thing for you!
    Apr 13, 2015. 03:32 PM | 5 Likes Like |Link to Comment
  • Bakken Update: Frac Sand Pricing Could Go Parabolic As EOG Resources' Well Design Revolutionizes Unconventional Oil Production [View article]
    When you get into those larger choke sizes what appears to be a small change is really quite big. It's that old "pie are square" (A=π*r^2) deal we were taught way back in geometry.
    Oct 25, 2013. 12:57 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Can you still buy a Colt 45 maltliquor in a 40 oz bottle in NYC?
    Mar 1, 2013. 11:54 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Dollar Drifts Ahead Of Consumer Inflation Data [View article]
    Deer Creek, I won't pile on about the math...
    A substantial number of those cuts are early retirements. I started my oilfield career with a company called Dowell which was acquired by SLB in the 1980's so I know quite a few folks that were given packages.
    SLB is no Mother Teresa, but they have always paid very well within the industry.
    Add the cuts from SLB, HAL, BHI Weatherford and the host of smaller firms and it easily runs into 100's of thousands. Based on the energy collapse of the mid 1980's it's Deja Vu all over again.
    Apr 17, 2015. 08:27 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: RadioShack Declares Bankruptcy After Years Of Losses [View article]
    Addresses....
    I used to give them 51 Reisner St. Houston, Tx 77002.
    AKA the police station.
    Feb 6, 2015. 10:52 AM | 4 Likes Like |Link to Comment
  • Gran Tierra Energy: On Sale For Half Price [View article]
    I don't give a damn for a man who can spell a word only one way.
    Mark Twain
    Nov 28, 2014. 10:33 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Facebook Plummets On Guidance, Increased Spending [View article]
    Serious,
    The Russians paid a deep price in lives to help win WWII, but it was the industrial capacity of the US that turned the tide.
    Oct 29, 2014. 01:10 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
199 Comments
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